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Allied Energy Corporation Advances Gas Supply Infrastructure to Support Bitcoin Mining Partner at Thiel Site
Globenewswireยท 2025-05-08 13:00
Core Insights - Allied Energy Corporation (AGYP) is focused on revitalizing underutilized domestic oil and gas resources, specifically through a project at the Thiel site in partnership with Louis Energy Inc. to deliver natural gas for off-grid computing applications [1][12] Infrastructure Developments - AGYP has made significant progress at the Thiel site, including the delivery of a second modular computing container, installation of an on-site mobile office, and preparation for electrical installations [6][11] - The site is preparing for final testing and the delivery of computing equipment, with generator tests pending regulatory approval [9][11] Strategic Vision - The company aims to transform stranded and flared gas into a sustainable power source for decentralized infrastructure, including AI and machine learning compute farms [10][12] - AGYP is positioning itself at the center of a new energy economy, redirecting natural gas to power real-world innovations [12] Future Plans - As the Thiel site nears full operational status, AGYP is exploring additional partnerships and deployment models to expand its gas-to-power strategy [13] - The company plans to provide further updates on its carbon capture, gas monetization, and off-grid computing ventures in the coming months [13] Industry Context - There is a national opportunity to utilize trapped gas, with states like Texas, North Dakota, New Mexico, and Wyoming leading the way in regulatory and ESG-driven momentum [12] - Over 1.4 billion cubic feet per day of gas is flared or vented in the U.S., indicating a significant untapped resource for energy production [15]